September 30, 2021, marks the 10th anniversary of JM Bullion. The company has much to celebrate: Launched by two founding members in a Pennsylvania basement in 2011, it has grown into one of the largest precious metals retailers in the world with almost 100 employees. Today, JM Bullion ships over 60,000 orders a month and has been named Inc. 500's #1 Fastest-Growing Precious Metals Company in the Nation. Its positive work culture has earned it the coveted Great Place to Work certification for six years in a row. And its recent acquisition by A-Mark Precious Metals has positioned the company at the forefront of innovation in the precious metals industry for the next decade and beyond.
On March 19, 2021, JM Bullion was acquired by A-Mark Precious Metals, a leading wholesale bullion distributor to large retailers and customers around the globe. A-Mark and JM Bullion have enjoyed a longstanding relationship with integrated workstreams since 2014. Now, the companies’ formal union has forged one of the largest, most comprehensive precious metals platforms in the world. The acquisition allows JM Bullion to tap into A-Mark's expansive global product portfolio, streamlined supply chain, and cutting-edge industry tools to continue to pioneer the precious metals industry and serve both new and existing customers like never before.
JM Bullion had a record year in 2020 by processing over $1.7 billion in customer transactions. It was the first time the company surpassed $1 billion in a single calendar year. As overall demand for gold and silver bullion exploded mainly due to the COVID-19 pandemic, JM Bullion was able to successfully meet the needs of hundreds of thousands of collectors and investors alike.
Jan - Dec 2020
JM Bullion reached another company milestone in early 2020, surpassing $3 billion in total sales. In just over 8 years in business, the company has grown to become one of the largest and most premier online retailers of precious metals in the world, validated by the $3+ billion sales total and the hundreds of thousands of customers served.
JM Bullion has once again earned a place among the leading web merchants in North America. The 2019 Internet Retailer rankings placed JM Bullion #96 within the Top 500 online businesses. When ranked within our 2019 Primary Merchandise Category (Specialty), JM Bullion earned an impressive ranking of #5 in the Top 500 list.
In 2019, JM Bullion’s CEO and founder Michael Wittmeyer was honored with the 2019 Entrepreneur of the Year Award from EY. In a special gala held in Dallas, Texas on June 29th, EY announced the winners of the Entrepreneur of the Year Award for the Southwest, with Michael earning the award in the Retail & Consumer Products category. EY award winners are recognized for their remarkable drive and innovations that fuel growth and prosperity within the economy.
For the 4th consecutive year, JM Bullion was certified as a “Great Place to Work.” This certification is particularly special because it is not determined by outside monitors, but rather, it is based on feedback from our own employees. With 97% of employees ranking JM Bullion as a great place to work, we earned our highest rating to date. JM Bullion’s focus on building a sense of community within the office makes it more than just a job, it’s a Great Place to Work.
As JM Bullion approaches seven years in business, the company reached yet another milestone, shipping its 2 millionth order since launching the JMBullion.com website in September 2011. This significant milestone further validates JM Bullion's dedication to providing low prices, wide selection, and fast shipping to online precious metals buyers.
Product selection is a key attribute for any precious metals retailer. Over the years, JM Bullion has developed relationships with dozens of mints and bullion suppliers, allowing the company to expand product offerings and source unique items from around the globe. JM Bullion's focus on maintaining a wide and deep inventory paid off when, in July 2018, the JM website surpassed 2,000 unique products available for purchase, in stock and ready to ship.
Now in business for more than six years, JM Bullion's continued growth saw its reach among online buyers hit a significant milestone. In March 2018, JM Bullion surpassed 500,000 total customers. Just under four years ago, JM Bullion had surpassed 100,000 customers, and now its consumer reach had grown five-fold. The JM Bullion brand continues to show strong growth and popularity among those buying gold, silver, and other precious metals online.
Reviews are a vital service for online retailers. Customers use them to judge the quality of a brand, while companies use reviews to identify opportunities to improve customer service and product value. All signs pointed in the right direction for the company by December 2017, as JM Bullion exceeded 200,000 positive reviews of its services, product catalog, value, and shipping efficiency. Most JM Bullion ratings are submitted and cataloged by third-party aggregator ShopperApproved.
As an online precious metals dealer, recognition as a top e-retailer is a badge of honor in the industry. In May 2017, JM Bullion was honored with the ranking of #73 among the Top 500 e-retailers in North America for 2017. Issued by Internet Retailer, the list ranks the Top 500 companies in North America across seven different eCommerce categories.
With growing demand for its services, JM Bullion continued to expand the number of employees on board. From customer service associates to IT and leadership, JM Bullion had grown to 50 employees in total. The growth reflected both the company's prominent position in the industry, and its desire to continue providing customers with the best possible service with each purchase.
For the first time in its history, JM Bullion grew from precious metal dealer to a company with its own branded product available for sale as well. The rising popularity of the JM Bullion brand, along with silver and gold, brought the company to a point where it could offer its valued customers a ceremonial piece of the business. The JM Eagle Silver Round launched for investors, collectors, and fans of the company's service.
Growth continued for JM Bullion after its move to Dallas. Inc. 500 released its annual list of private companies based upon their total increase in revenue during the last three years. Less than five years after its founding and just one year after its move to Dallas, JM Bullion was honored as the 40th fastest growing private company in the United States. Other companies that have made this prestigious list in the past included Zappos, Microsoft, and Oracle.
Yet another major mark was hit by JM Bullion just before its one-year anniversary in Dallas. The company reached a total of one million orders since its founding, showcasing the growing reach and popularity of the young precious metals dealer.
With sales growing, the customer base expanding, and more employees coming on board at JM Bullion, the company gained its first significant outside recognition. As a new member of the Dallas marketplace, JM Bullion's success was honored by the city as the company enjoyed the ranking of #1 on the Dallas 100.
Nov 11th 2014
Now settled in Dallas, TX, JM Bullion hits another big milestone in terms of performance. This time it wasn't a matter of daily sales, but rather a reflection of its growing popularity among investors and collectors. JM Bullion hit 100,000 customers less than two months after its third anniversary.
Some three months shy of its third anniversary, JM Bullion's founders made an important choice to help the company sustain its growth. The company was moved from Lancaster, PA to Dallas, TX. The move was made to put the company in a marketplace with a wider talent pool to help sustain its growth in the future, giving it access to top talent. Lancaster had a population of 60,000 people compared to the population of 7.1 million in the Dallas-Ft. Worth Metroplex.
Jun 1st 2014
Feb 15th 2013
Now just over one-year-old, the company's employee list growing, and sales moving in the right direction, JM Bullion hit another big milestone. For the first time in company history, JM Bullion had a $1 million sales day. It took JM Bullion just eight months to jump 10-fold in its daily sales record!
With its first $100,000 sales day in the rearview mirror and its one-year anniversary coming up around the bend, Michael and Jonathan made a decision for the future of the company. JM Bullion hired its first employee! The first employee joined the company and was assigned the first task that didn't exactly fall in the realm of precious metals: he had to assemble his own desk!
July 2nd 2012
Jun 19th 2012
Just nine months after launching a bold new online retailing option, JM Bullion's founders hit a first major milestone. On June 19th, the company had its first-ever $100,000 sales day. While it might be pennies to larger dealers, JM Bullion was still just a two-man operation making a name for itself in a busy precious metals landscape.
As the cool breezes of fall set in, company founders Michael Wittmeyer and Jonathan Wanchalk opened the doors on a new company named JM Bullion. The company was initially located in Lancaster, PA, and would be for its first two-plus years in business. An online precious metals dealer, JM Bullion entered the marketplace at a point in time where gold was holding a weekly average of $1,755.52 per Troy ounce and silver was holding a weekly average of $37.24 per Troy ounce.
Sep 30th 2011